This episode of Entrepreneur Elevator Pitch may be about child-centric products, but no one is kidding around when it comes to cash.
Hear from Chris Danis of Wet Wipe Wizard, a system that allows for the simple and reliable delivery of Wet Wipes at the push of a button.
Hear from Chris Danis of Wet Wipe Wizard, a system that allows for the simple and reliable delivery of Wet Wipes at the push of a button.
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00:00Welcome to The Elevator.
00:04I'm Chris Danis.
00:05I'm a retired surgeon.
00:07Twelve years ago while assisting my oldest grandchild with potty training, there was
00:11a need for a wet wipe and none could be found.
00:14The solution is the Wet Wipe Wizard, a patented, powered wet wipe dispenser that can hang from
00:20most existing toilet paper holders or can be placed on a counter or baby's changing
00:25table.
00:26We're making a $400,000 investment for a 15% interest in order to achieve that goal.
00:35I always love entrepreneurs who are trying to fill a need but do we really need wet wipes
00:40in every bathroom?
00:41I mean, I've got four kids and I'd like a wet wipe in every one of my bathrooms, Mark.
00:45So struggle is real for sure.
00:48How big the market is?
00:49I don't know.
00:50I might want to hear more, hear what he has to say, but I worry about the competition
00:53as well.
00:54Well, let's vote.
00:55I mean, don't we know enough?
00:57Let's take it to a vote.
00:58Approved.
00:59Honestly, as an investor, I want to see in-market sales and it seems like there's such a huge
01:06opportunity that for me, I would really want to see sales before investing, so unfortunately
01:11I'm going to pass.
01:13Somebody told me once that the product has to be ten times better than the existing version
01:17and I don't know if the pain of getting extra wipes is big enough to warrant the expense.
01:24I think I'm going to pass for now.
01:27I'm terrified about trying to get a $60 product into people's houses in any kind of cost-efficient
01:33way, so I'm afraid that I'm going to pass and unfortunately that means we have nothing
01:38for you today.
01:39Oh, you had plenty.
01:40This has been a great experience.
01:42I've enjoyed it.
01:43I thank you very much.
01:44Good luck.
01:45Thanks, Chris.